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Report: European VC fundraising has tripled in three years to about €12 billion today

Written on September 20, 2017 by Yoram Wijngaarde

How much venture capital is out there? Where is it coming from? Is Brexit causing a shift in Europe? This free 17-page Dealroom aims answer these questions, packed with new insights about the European VC landscape.

Underlying data used in this report is available online. If you have any comments on data in this report please contact us via [email protected]

Fundraising by European Venture Capital Funds

Download the 17-page slide deck now

Key insights:

  • Fundraising by European VC funds has tripled from about €4 billion in 2014 to €12 billion in 2016 and a similar amount likely to be raised in 2017
  • The number of funds grew at the same pace, from 30 to 100 new funds per year, while the average size per fund is constant around €110M
  • In 2016, continental European VC fundraising made a surge, especially in France, Sweden, Netherlands
  • And in 2017 for the first time ever, France leads with €2.7 billion funds raised, vs. €2.3 billion in the UK

Additional resources:

You can now also explore new VC funds by country and per quarter via this New Funds heatmap:

You can also make detailed filters in this New Funds list. For example, these are new Paris-based VCs and corporate funds with Health Tech experience.

 

New: create your own interactive charts

Written on September 16, 2017 by Yoram Wijngaarde

You can now easily create your own interactive charts. This allows you to analyse funding and exit trends by industry, market or any other filter. For example: series-A rounds in London, or VC-backed exits in Europe.

To get started, simply visit Transactions (Rounds or Exits), then use the normal filters, and click on Show Stats. You can view data quarterly or annually. To see the individual transactions inside each quarter click on the columns inside the chart, which will then show the transactions in that period, sorted from large to small.

Click here to get started now!

The left chart shows amounts in € millions (top 3 means: the three largest transactions), while the right chart shows number of transactions.

Your chart creation in stored in the URL, so you can easily share it. For any questions, please feel free to contact us via Intercom inside the app.

Note: excluded from funding totals are: debt rounds, secondary rounds, outside tech, lending capital.

The 2017 State of European Tech is on its way. Contribute now!

Written on September 13, 2017 by Yoram Wijngaarde

Where is Europe’s tech now and where is it headed?

You tell us.

In November 2017, Atomico and Slush will publish their annual State of European Tech report, the most comprehensive deep-dive into the local ecosystem and the issues that impact it most — from talent and capital, to the strength of communities and the challenges and opportunities of deep tech.

A core part of the report is an annual survey of the people that make up the European ecosystem: the entrepreneurs, investors, developers and the individuals across Europe’s many start-up hubs.

Dealroom is proud to support the survey as it sets out to become the definitive dataset of tech communities in Europe.

Please click here to help make they survey a success and have your say

It should take no more than 5 minutes to complete – 5 free Slush 2017 tickets are also up for grabs for those who complete the survey before 8 October.

Thanks for helping to make the voices at the heart of European tech heard.

Horizon 2020 using Dealroom to track 2,400 companies from its €3 billion SME Instrument portfolio

Written on September 10, 2017 by Yoram Wijngaarde

Business case – How to keep track of a €3 billion portfolio?

Horizon 2020 & SME Instrument – Horizon 2020 is a European Union funding programme to support and foster research and innovation. Horizon 2020’s SME Instrument is a €3 billion fund to support high-potential companies to develop “groundbreaking innovative products, services or processes”. The SME Instrument will help 7,500 companies to put their innovations onto the market, by the end of 2020.

Results so far – Since 2014, more than 2,400 SMEs were selected to receive funding (out of more than 31,000 applications) in 36 countries. Investments include well-known companies like Monese, Acast, SnappCar, Swap.com. The fund has already realised 11 exits. To learn more about the fund’s achievements, read the full SME Instrument Impact Report or just check the highlights presentation.

Dealroom.co – Since early 2017, Dealroom provides the SME Instrument team with research and online tools to analyse and track its 2,400 investments. Some of that information is available to you on Dealroom. Click on the image below to explore SME Instrument’s entire portfolio in list view or grid view (pro tip: in grid view, use the top-right menu to pivot different viewpoints).

Identify high-growth companies and trends in Europe using real-time data

Written on August 25, 2017 by Yoram Wijngaarde

Dealroom tracks the growth performance of over 500,000 companies globally, from seed to (very) late stage. In addition to funding and news, Dealroom tracks real-time growth signals (user engagement and employee growth). The report available below is an initial exploration into growth performance across Europe by country, industry, funding and growth stage.

Download report: Comparing growth performance across Europe

Growth performance by country, industry, funding and growth stage

Sometimes it’s useful (and fun) to crunch data without a specific end-goal in mind. This is exactly what we did here. Hence, this report is not yet conclusive but meant to lay the groundwork for more analysis on real-time growth signals going forward. If you’d like us to pursue a specific angle here, please let us know!

Dealroom’s Growth Rank explained

As explained in this previous post, Dealroom tracks the growth performance of over 500,000 companies globally, from seed to (very) late stage. Companies are ranked by growth based on:

  • Estimated website visit from SimilarWeb
  • App store downloads (iOS/Android, via PrioriData)
  • Social media engagement
  • Employee growth (new!)

The growth ranks are based on an algorithm which takes into account growth during the last 6 and 12 months. Growth is adjusted for the base the company is growing from. Out of the 500K+ companies in Dealroom’s database, 220K companies are ranked. Each of those 220K companies has a unique rank (1st, 2nd, …) and is classified into growth percentiles: top 5%, top 10%, top 25% and top half. These growth filters can then be used in combination with other filters (industry, stage, ..) to compare peers and identify high performance companies.

To start using the growth filters, click the below image (or here):

Dealroom: the industry source of record for European tech

Written on August 21, 2017 by Yoram Wijngaarde

More and more publications are recognising Dealroom as the industry standard for data, insights and identifying new trends in European tech: The Financial Times, The Economist, The New York Times, Les Echos, Reuters and many others have featured Dealroom data in 2017. Below is an overview of selected articles:

International

The New York Times on French tech and the launch of Station F

The Economist on the stunning rise of French Tech

Politico on UK VC funds being overtaken by European venture capital funds, post Brexit

Business Insider on Europe’s most prominent European VC investors

The Financial Times on the need for European scale up capital

The Financial Times on VC funding in France

The Financial Times on VC funding post Brexit

The Financial Times on European Unicorns

TechCrunch on Atomico’s State of European Tech 2016

Reuters on Eastern European tech

VentureBeat on now being the best time ever to be an entrepreneur in Europe

 

United Kingdom

The Independent on Eastern European Tech

Wired UK on the UK’s top investments

Wired UK on Europe leading the way in AI

Wired UK on Investments in London despite Brexit

Wired UK on State of European Tech report

 

France

Les Echos on Europe as the gravitational center of Deep Tech

Les Echos on why French tech is opening its borders

 

Germany

Wired DE on Tech in Europe

Berlin Valley on the startup news of the week

 

Italy

Il Sole 24 Ore with multiple posts featuring Dealroom

Il Corriere De La Sera on startups in Italy

Il Corriere De La Sera on challenges of Italian Venture Capital

 

Spain

La Vanguardia on Europen Startups fund raising

La Vanguardia on Madrid versus Barcelona as startup capitals

 

Logos of news websites we have been featured in

Request data here

Number of active unique investors in Europe

Written on August 21, 2017 by Yoram Wijngaarde

Dealroom’s database contains over 17,500 investment funds and other professional investors. But how many of those are actively investing in European tech each year? We analysed Dealroom data to find out.

The number of unique active investors in European tech companies grew over 3x in the past 4-5 years, from 758 in 2012 to 2,484 so far in 2017.  That’s 31% annual growth. Growth was roughly similar across all investor types: funds, corporates, and “other” which includes angels, crowdfunding platforms and accelerators participating in rounds.

By comparison, the amount of venture capital invested and the number of VC rounds grew roughly 3.5x during the same period.

2017 is on track to accelerate growth in number of unique active investors. This acceleration is driven mostly by an increase in active angel investors in 2017. Dealroom estimates that for the full year 2017, the number of unique active investors could approach or even top 4,000.

Click below to open the mini slide-deck:

European VC funding: up, down or sideways?

Written on July 25, 2017 by Yoram Wijngaarde

Last week, Dealroom released its European venture capital report for Q2 2017. It showed a record €5.0 billion raised by European companies, and €5.6 billion when including Israel (download Dealroom’s full 2017 Q2 VC report). The chart below shows that the 50 or so largest rounds (out of more than 750 rounds) already accounted for nearly €3.5 billion in funding. The remaining 700 or so rounds bring the total to €5.0 billion, a record.

Subsequently, other reports came out by other vendors with a very different narrative. KPMG, for instance, released a global analysis of venture funding showing Q2 VC funding at only €3.5 billion in total (PDF) and said:

A fifth straight quarterly decline in deals volume, however, total VC investment in Europe remained strong as a result of a number of mega-deals. Three $100 million+ deals together accounted for $1 billion in European VC funding, including $502 million to London-based Improbable, $397 million to Berlin-based Auto1 Group, and $100 million to London-based GammaDelta Therapeutics.” (via Business Insider)

The following slide shows Dealroom Data and the KPMG data side-by-side. KPMG data shows the quarterly number of rounds would have roughly halved in the last 3 years, while total funding doubled. This would imply 300% growth of average deal-size. Dealroom data shows a roughly 50% increase in average deal size (which is still very significant).

This is despite the fact that Dealroom does not include most of the $397 million (€360 million) to Auto1 Group as it was largely debt funding from a consortium of investment banks. Also *not* included in Dealroom numbers are: secondary transactions (trading of existing shares), debt rounds, funding of outside tech companies (such as telecom) and companies that moved to the USA.

Interestingly, Q2 was also a record when excluding top-3 or top-10 rounds, as the following chart shows:

Dealroom data does show a decline in the number of rounds but only in the last two (not five) quarters (additional technicality: total of rounds in the last quarters might still go up, as seed rounds are often reported after a successful series-A raise).

The KPMG data has led some to pronounce that the bubble is deflating. How to interpret the Dealroom data then? Dealroom data demonstrates that investors are in fact betting on European tech companies at record pace. The outcome of these bets is to be determined years from now.

Record €5.6 billion raised by European & Israeli companies (download full 2017 Q2 VC report)

Written on July 16, 2017 by Yoram Wijngaarde

Following the release of preliminary Q2 figures on 2 July, the Full European 2017 Q2 venture capital report is now published. The conclusion remains: investors are betting on European tech companies at a record pace, investing €5.6 billion including Israel, or €5.0 billion excluding Israel. This figure excludes lending capital, buyouts, secondary transactions and debt.

Mega-rounds such as Farfetch and Improbable were key drivers behind this trend. However, even without these mega-rounds, this was one of the most active quarters ever by the amount of venture capital invested into European companies:

  • Excluding the 3 largest rounds: €4.4 billion (vs. in €3.9 billion Q1 2017, the previous record)
  • Excluding the 10 largest rounds: €3.5 billion (vs. in €3.3 billion Q1 2017, the previous record)

Download the full European 2017 Q2 venture capital report

32 pages of stats and key insights

Contact us with any questions

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Dealroom’s Presentation from XXII ACCIÓ Investment Forum in Barcelona

Written on July 16, 2017 by Yoram Wijngaarde

On July 6th, entrepreneurs and investors met at ACCIÓ’s XXII Investment Forum in Barcelona, Catalonia’s most important event on the field.

Over 700 people attended the event, including many prominent investors such as Index Ventures, Hoxton and many others. Read more about the event itself here. Dealroom’s founder Yoram Wijngaarde gave the keynote, titled “Is it morning in European tech?” which is available here: